Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
April 17th, 2019

Student Loan Repayment Benefits Have Pros and Cons

Employers wanting to offer student loan repayment benefits to employees have a multitude of selections to sift through. Read more >
Benefits & Administration
Largest DB Plan Sponsors Adjust Policies to Manage Risks
The latest report from Russell Investments shows the largest defined benefit (DB) plan sponsors have shifted more to fixed income investments and increased contributions as they continue to de-risk. Read more >
Ask the Experts
Employer Contribution Calculation When Moving from Union to Non-Union 403(b)
“I work with an employer that sponsors two 403(b) plans; a nonunion plan and a plan for collectively bargained employees. An employee met the eligibility for the employer contribution to the union plan years ago. However, she moved from union status to non-union status in 2018. The non-union plan provides for an employer contribution, and service in the union plan is credited toward eligibility for the nonunion plan so she was immediately eligible for the employer contribution in the nonunion plan. The definition of compensation in the non-union plan is all compensation earned during the year, even when the employee is not eligible. Do I include the compensation when the participant was eligible for the union plan or exclude the compensation earned during the time he was with the union plan?” Read more >
MOST READ ARTICLES
1
J.P. Morgan Agrees to Settle Stable Value Funds Suit
2
SECURE Act Passes House, Bringing Calls for Senate Collaboration
3
Individuals, Employers and Government All Play a Part in Retirement Readiness
4
Participant Loans: A Fiduciary Storm Brewing?
5
What to Know About Financial Audits Filed with Form 5500s
Products, Deals and People
CUNA Mutual Introduces Financial Wellness Program
The program features a financial fitness assessment and score, personalized curriculum based upon needs and preferences, game mechanics, and one-on-one support from an internal team of retirement consultants. Read more >
Market Mirror

Tuesday, the Dow gained 67.89 points (0.26%) to finish at 26,452.66, the NASDAQ climbed 24.21 points (0.30%) to 8,000.23, and the S&P 500 was up 1.48 points (0.05%) at 2,907.06. The Russell 2000 closed 3.62 points (0.23%) higher at 1,582.79, and the Wilshire 5000 increased 17.08 points (0.06%) to 30,047.63.

The price of the 10-year Treasury note decreased 10/32, bringing its yield up to 2.590%. The price of the 30-year Treasury bond fell 14/32, increasing its yield to 2.991%.

Investing
Sponsors Can Expect Expanding ESG Opportunities
One firm, for example, plans to soon roll out multiple additional products to complement its two existing environmental, social and governance (ESG)-labeled strategies—next will come ESG approaches to global equity and global income. Read more >
Small Talk
About four in 10 senior managers (43%) believe their company is highly effective at recognizing employees for good performance, new research from staffing firm OfficeTeam shows. Forty-four percent said their company is somewhat effective at recognizing employees for good performance. But, 14% of survey respondents admitted they are not too or not at all effective at doing so. The survey was conducted in recognition of Administrative Professionals Week—April 21 to 27. Senior managers were also asked, “How does your company typically recognize administrative staff during Administrative Professionals Week?” Read more >

ON THIS DATE: In 1521, Martin Luther was excommunicated from the Roman Catholic Church. In 1524, New York Harbor was discovered by Giovanni Verrazano. In 1629, horses were first imported into the colonies by the American Massachusetts Bay Colony. In 1704, John Campbell published what would eventually become the first successful American newspaper. It was known as the Boston “News-Letter.” In 1861, Virginia became the eighth state to secede from the Union. In 1864, U.S. Civil War General Grant banned the trading of prisoners. In 1865, Mary Surratt was arrested as a conspirator in the Lincoln assassination. In 1961, about 1,400 U.S.-supported Cuban exiles invaded Cuba at the Bay of Pigs in an attempt to overthrow Fidel Castro. It was an unsuccessful attack. In 1964, Jerrie Mock became first woman to fly an airplane solo around the world. In 1964, the Ford Motor Company unveiled its new Mustang model. In 1969, in Los Angeles, Sirhan Sirhan was convicted of assassinating U.S. Senator Robert F. Kennedy. In 1970, Apollo 13 returned to Earth safely after an on-board accident with an oxygen tank. In 1993, a federal jury in Los Angeles convicted two former police officers of violating the civil rights of beaten motorist Rodney King.

 

WEDNESDAY WISDOM: “But what is happiness except the simple harmony between a man and the life he leads?”—Albert Camus, French philosopher, author, and journalist

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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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